CHF/SEK
CHF SEK
- SEK (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: CHFSEK
ISIN:

CHF/SEK - 1H - Technical analysis published on 12/03/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 9.8804 SEK
My targets
10.0184 SEK (+0.0990)
10.1338 SEK (+0.2144)
My analysis
CHF/SEK is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 9.8804 SEK. The next resistance located at 10.0184 SEK is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 10.1338 SEK. After this resistance, buyers could then target 10.5703 SEK. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
9.1

Complete this analysis for another time unit:
15 min. Daily Weekly
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Additional analysis

Quotes

The CHF/SEK price is 9.9194 SEK. The price registered an increase of +0.81% on the session with the lowest point at 9.8296 SEK and the highest point at 9.9414 SEK. The deviation from the price is +0.91% for the low point and -0.22% for the high point.

9.8296
9.9414
9.9194

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by CHF/SEK:
The Central Records scanner for higher/lower results shows an item:

Central Records

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this CHF/SEK chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 17 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 9.7842 9.8238 9.8804 9.9194 9.9273 10.0184 10.5703
Change (%) -1.36% -0.96% -0.39% - +0.08% +1.00% +6.56%
Change -0.1352 -0.0956 -0.0390 - +0.0079 +0.0990 +0.6509
Level Intermediate Intermediate Intermediate - Major Intermediate Major



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.75449.78789.81369.84709.87289.90629.9320
Camarilla9.82309.82859.83399.83939.84479.85029.8556
Woodie9.75059.78599.80979.84519.86899.90439.9281
Fibonacci9.78789.81059.82449.84709.86979.88369.9062


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.41619.51949.72339.826610.030510.133810.3377
Camarilla9.84289.87109.89919.92739.95559.983610.0118
Woodie9.46659.54469.77379.851810.080910.159010.3881
Fibonacci9.51949.63679.70929.82669.943910.016410.1338


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.84659.08569.45169.690710.056710.295810.6618
Camarilla9.65129.70679.76219.81769.87319.92859.9840
Woodie8.91009.11739.51519.722410.120210.327510.7253
Fibonacci9.08569.31689.45969.69079.921910.064710.2958

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 77.39
MACD (12,26,9): 0.0191
Directional Movement: 17.9315
AROON (14): 100.0000
DEMA (21): 9.8988
Parabolic SAR (0,02-0,02-0,2): 9.8613
Elder Ray (13): 0.0361
Super Trend (3,10): 9.8694
Zig ZAG (10): 9.9277
VORTEX (21): 1.2923
Stochastique (14,3,5): 94.05
TEMA (21): 9.9141
Williams %R (14): -0.87
Chande Momentum Oscillator (20): 0.0855
Repulse (5,40,3): 0.4429
ROCnROLL: 1
TRIX (15,9): 0.0159
Courbe Coppock: 1.40
MA7: 9.8502
MA20: 9.6569
MA50: 9.4972
MA100: 9.4659
MAexp7: 9.9066
MAexp20: 9.8772
MAexp50: 9.8581
MAexp100: 9.8394
Price / MA7: +0.70%
Price / MA20: +2.72%
Price / MA50: +4.45%
Price / MA100: +4.79%
Price / MAexp7: +0.13%
Price / MAexp20: +0.43%
Price / MAexp50: +0.62%
Price / MAexp100: +0.81%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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